The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
<h3>What is money?</h3>
Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.
Characteristics of money are:
- Medium of exchange
- Store of value
- Measure of value
Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
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Answer:
<u>PV = 2,464,749.47</u>
Explanation:
Perptuities = ammount/ (rate - growth)
175,000/(0.097-0.038) = $2,966,101.695
This value is two years from the present day.
Notice:<em> "it will be received two years from today"</em>
<em>So we need to adjusted to bring it to present</em>
<em></em>
<u>PV = 2,464,749.47</u>
Answer: template method
Explanation:
The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as template method.
It should be noted that estimating time and cost are vital because it helps schedule work, develop needs of cash flow and show progress of a project.
The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
The purchaser will obtain the right of the taxation account for the specific property and the tpayment will be transferred to the purchaser in the future
The answer is A. Providing legal advice